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we look at the hit to rupert murdoch's giant media empire. it's "nightly business report" for wednesday, july 13. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. late today, the aaa credit rating of the united states was officially put on notice. moody's investor service placed the government's bond rating on review for possible downgrade. without a debt deal on capitol hill, moody's points to a "small but rising risk of a short-lived default" tom, that warning comes as the federal reserve says its ready to add more fuel to the economy if the recovery runs out of gas. >> tom: susie, fed chairman ben bernanke made that pledge during his semiannual congressional testimony today. that helped investor confidence, at least initially. stocks rallied sharply during the chairman's testimony but backed off those highs as the day wore on
we look at the hit to rupert murdoch's giant media empire. it's "nightly business report" for wednesday, july 13. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. late today, the aaa credit rating of the united states was officially put on...
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rupert murdoch withdrew the bid for bskyb on wednesday. that was amid the scandal at newscorp international. it must have been a tough one for him. >> reporter: oh, yeah, completely. we were all told he was desperate to get his hands on the remaining shares, 60% of sky that he didn't own. and it will be a bitter climbdown for him. one he was facing the reality that in the political climate that was developing where all the main parties were opposed to that takeover going ahead. it was just kind of unrealistic for them to pursue that right now. not saying perhaps they don't come back and have another go at it in six month's time. in terms of what will happen today, there's momentous developments today as well. right now is the deadline, we're told, fora bekaa brooks, the embattle embattled chief international to respond before a committee of politicians on wednesday. we're told 9:20 is the latest she could respond. after that who knows what will happen after that. theoretically she could be forced to attend by the sergeant at arms' office w
rupert murdoch withdrew the bid for bskyb on wednesday. that was amid the scandal at newscorp international. it must have been a tough one for him. >> reporter: oh, yeah, completely. we were all told he was desperate to get his hands on the remaining shares, 60% of sky that he didn't own. and it will be a bitter climbdown for him. one he was facing the reality that in the political climate that was developing where all the main parties were opposed to that takeover going ahead. it was...
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in great britain is a must see for most of the country is rupert murdoch and his son have been facing angry lawmakers these the latest pictures coming through but within the last few minutes it's taken another dramatic twist a protest broke into the westminster committee chamber we've got more about that a bit later now the hearing into phone hacking and police bribery claims that the now x. news of the world has been suspended as the problem is dealt with r.t. . lauren. london for us there is huge interest in it and we are seeing jamison murdoch being interviewed by piece together they are being asked some tricky questions by m.p.'s which is what the public wanted james murdoch says that when the when the hacking investigation was closed the staff at news international relied heavily on the fact that the police at that there was nothing further to be investigated they also relied on a decision by the press complaints commission that said nothing further no nothing to see here and also on the outside legal advice so they feel that they were within their rights to not look at phone hac
in great britain is a must see for most of the country is rupert murdoch and his son have been facing angry lawmakers these the latest pictures coming through but within the last few minutes it's taken another dramatic twist a protest broke into the westminster committee chamber we've got more about that a bit later now the hearing into phone hacking and police bribery claims that the now x. news of the world has been suspended as the problem is dealt with r.t. . lauren. london for us there is...
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than xadle brought down rupert murdoch's "news of the world" paper. the top cop in london will testify about scotland yard's investigation today. >>> i want to be a fly on the wall during these ongoing debt talks. 20 days until the deadline on raising the debt ceiling. there's no deal yet. president obama reportedly told lawmakers, quote, this could bring my presidency down. talking about his promise to veto a short-term extension. he says he will not yield. they'll meet again today. the fifth session in as many days. the white house warns failing to raise the debt ceiling by august 2 send could trigger a partial default. >>> the power is slowly being restored in the chicago area after one of the worst storms on record. the storm packed wind gusts of nearly 80 miles an hour, knocking down trees and power lines. nearly 1 million customers were affected. this morning, the power company says more than 75% of its customers have had its power restored. >>> now the wakeup call for the shuttle "atlantis" crew. ♪ if you believed they put a man on the moon â
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lawmakers have asked the attorney general to investigate rupert murdoch. they want to know if murdoch's company broke any u.s. laws for allegedly bribing police in the phone hacking scandal that forced murdoch to close his largest paper. mean dock pulled the plug on a it is 12 billion business deal. elizabeth palmer has more. >> reporter: it's a sight many people thought they would never see, media titan rupert murdoch in retreat. he abandoned his controversial $12 billion plan to expand into britain's lucrative satellite television business in a surrender to public outrage and political pressure. >> what has happened at this company is disgraceful, it's got to be addressed at every level and they should stop thinking about mergers when they've got to sort out the mess he created. >> reporter: prime minister cameron met with the parents of the teenage girl, milly dowler, whose cell phone lies at the heart of the scandal. she was murdered in 2002 but only last monday the public learned her phone had been hacked by murdoch's paper "news of the world" and mes
lawmakers have asked the attorney general to investigate rupert murdoch. they want to know if murdoch's company broke any u.s. laws for allegedly bribing police in the phone hacking scandal that forced murdoch to close his largest paper. mean dock pulled the plug on a it is 12 billion business deal. elizabeth palmer has more. >> reporter: it's a sight many people thought they would never see, media titan rupert murdoch in retreat. he abandoned his controversial $12 billion plan to expand...
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. >> tom: the scandal surrounding rupert murdoch's newscorp has spread to the u.s. the f.b.i. has opened an investigation into whether murdoch newspapers targeted the phones of 9/11 victims. it comes as rupert murdoch and his son, james, have agreed to testify before a british parliamentary panel. next week, the group will look into phone hacking and bribery by employees of newscorp's british newspaper empire. today, rupert murdoch says his company will recover from any fallout. >> susie: small businesses are often called the engine of the nation's economy. that's why tonight's commentator believes it's key to teach the nation's kids to think like entrepreneurs. with tonight's "kids and cash," here's jack harris, president of junior achievement of georgia. >> for generations, we've been taught to believe in the american dream-- owning a house, buying a car, living the good life. but this generation of kids could be the first that might not do better financially than their parents. that's why it's so important to teach business to children at a young age. at junior achievement,
. >> tom: the scandal surrounding rupert murdoch's newscorp has spread to the u.s. the f.b.i. has opened an investigation into whether murdoch newspapers targeted the phones of 9/11 victims. it comes as rupert murdoch and his son, james, have agreed to testify before a british parliamentary panel. next week, the group will look into phone hacking and bribery by employees of newscorp's british newspaper empire. today, rupert murdoch says his company will recover from any fallout. >>...
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has just opened an investigation into allegations rupert murdoch's news corp sought to hack into the phones of the victims of september eleventh terrorist attacks this is major news for a man many view as the king of an empire and it also begs a closer look into the tabloid industry in great britain some pundits here have compared the news of the world to you know t m z here in america british tabloid that actually are far more significant and powerful in many cases they are kingmakers if you're running for office and the tabloids like you could be your ticket to victory these habits also have a huge circulation so if this empire collapses there could be some massive repercussions artie's lore and it takes a deeper look into the rise and fall of news of the world. rupert murdoch's push to expand in british media has come to a halt public and political rage overthrown hacking a sports news corp to drop its bid to buy satellite broadcaster b. sky b. but some say he's already killed the british press and they were saying it has fought back its nine hundred eighty one that's when he went
has just opened an investigation into allegations rupert murdoch's news corp sought to hack into the phones of the victims of september eleventh terrorist attacks this is major news for a man many view as the king of an empire and it also begs a closer look into the tabloid industry in great britain some pundits here have compared the news of the world to you know t m z here in america british tabloid that actually are far more significant and powerful in many cases they are kingmakers if...
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but rupert murdoch and james murdoch are being asked to turn up. so farther either saying that they w't or can't and they have been served with the summons by the deputy sergeant of arms, which means that they are being sort of demanded that they come. it's pretty serious stuff. the problem is, because they are american citizens, no one is quite sure if they can have jurisdiction over them, forcing them to turn up or not. so there is scratching of heads there. it's completely unchartered territory and they are talking about introducing emergency laws to force them to come along. >> we're following it closely. dan rivers, thanks. >>> well, they are almost there. the u.s. women's soccer team, one win away from hoisting that world cup. they are going to face japan on sunday in the championship match after their 3-1 win yesterday against france. zain is not only watching all of the action, she's going to be there for the game and report live and give us every single detail, right? >> reporter: you bet, kyra. and the favorite to win is the united states
but rupert murdoch and james murdoch are being asked to turn up. so farther either saying that they w't or can't and they have been served with the summons by the deputy sergeant of arms, which means that they are being sort of demanded that they come. it's pretty serious stuff. the problem is, because they are american citizens, no one is quite sure if they can have jurisdiction over them, forcing them to turn up or not. so there is scratching of heads there. it's completely unchartered...
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who knows whether rupert murdoch will take notice of that. the other big story, the commerce committee chairman, jay rockefeller saying there's got to be an investigation, did news corp hack into u.s. citizens' phones, 9/11 victims. he said there would be serious consequences. the big question people are asking here is how much is the news corp empire and rupert murdoch going to be hurt in the u.s. as well. ali? >> that is a good question. i'm a tweeter. you're a tweeter. one of the interesting things about this is somebody figured out using geo cashing or labeling of locations where people tweet from, where people tweet. a visualization of it. tell us about it. >> it's this data visualization project from a photographer by the name of eric fisher. what he's done is basically tag tweets and flicker pictures used from around the world. look at this pretty picture in the u.s. the flitter pictures in red, more on the west coast. twitter more on the east coast. you look at europe and asia is where they're both used very much as well. white show t
who knows whether rupert murdoch will take notice of that. the other big story, the commerce committee chairman, jay rockefeller saying there's got to be an investigation, did news corp hack into u.s. citizens' phones, 9/11 victims. he said there would be serious consequences. the big question people are asking here is how much is the news corp empire and rupert murdoch going to be hurt in the u.s. as well. ali? >> that is a good question. i'm a tweeter. you're a tweeter. one of the...
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. >>> britain's hacking scandal forces rupert murdoch to make a stunning move. and rushes relief to the site of pain. it's clinically proven to relieve pain twice as fast. new bayer advanced aspirin. there's another way to minimize litter box odor: purina tidy cats. our premium litters now work harder to help neutralize odors in multiple cat homes. purina tidy cats. keep your home smelling like home. vietnam, 1967. i got mine in iraq, 2003. u.s.a.a. auto insurance is often handed down from generation to generation, because it offers a superior level of protection and because u.s.a.a.'s commitment to serve the military, veterans, and their families is without equal. begin your legacy. get an auto insurance quote. u.s.a.a. we know what it means to serve. personal pricing now on brakes. tell us what you want to pay. we do our best to make that work. deal! my money. my choice. my meineke. >>> under pressure by the british parliament, murdoch's news corp. announced today they will drop the bid for taking bs bs bs bskyb. let's go straight on tour cnn senior internatio
. >>> britain's hacking scandal forces rupert murdoch to make a stunning move. and rushes relief to the site of pain. it's clinically proven to relieve pain twice as fast. new bayer advanced aspirin. there's another way to minimize litter box odor: purina tidy cats. our premium litters now work harder to help neutralize odors in multiple cat homes. purina tidy cats. keep your home smelling like home. vietnam, 1967. i got mine in iraq, 2003. u.s.a.a. auto insurance is often handed down...
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murdoch his son james and his former u.k. executive rebekah brooks face the wrath of british and police. to explain the scandal that's shaken the press to establishment and the police to its core. reports it's another blow to britain is beleaguered police force through a string of high profile arizona is. ian tomlinson died in london's g. twenty protest in two thousand and nine after being pushed to the ground by p.c. simon harwood harwood said he'd been prevented from giving first date by a baying bottle throwing more up he later admitted that happened happened john schollers damon as as shot by police in a london underground station in two thousand and five officers allegedly leaked a report saying he'd fled from police c.c.t.v. images later showed this wasn't true less well known is michael daugherty a man who went to the police for help only for it to turn into a calf to ask where of allegedly false statements and mistreatment. told police he suspected his thirteen year old daughter was being groomed by a paedophile conce
murdoch his son james and his former u.k. executive rebekah brooks face the wrath of british and police. to explain the scandal that's shaken the press to establishment and the police to its core. reports it's another blow to britain is beleaguered police force through a string of high profile arizona is. ian tomlinson died in london's g. twenty protest in two thousand and nine after being pushed to the ground by p.c. simon harwood harwood said he'd been prevented from giving first date by a...
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., a humble rupert murdoch say he's sorry. how was the mea culpa received in the wake of the hacking scandal. >>> plus, federal reserve chairman ben bernanke thinks it could be time to pump some more cash into the economy. with companies in wait and see mode, could that move relieve anything when it comes to creating jobs? ♪ going to the bank without going to the bank... that's a step forward. with chase quickdeposit on your smartphone, you just snap a picture, hit send and done. chase quickdeposit. take a step forward and chase what matters. ♪ we just keep on keepin' on ♪ ♪ keep on because a chicken is what it eats. [ jim ] this seal verifies we feed my fresh all-natural chickens an all-vegetarian diet including corn, soybeans, and marigolds. no animal by-products. no meat and bone meal. when you put my chicken on the table, you know where it came from. ♪ ooh baby, (what) can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented pro
., a humble rupert murdoch say he's sorry. how was the mea culpa received in the wake of the hacking scandal. >>> plus, federal reserve chairman ben bernanke thinks it could be time to pump some more cash into the economy. with companies in wait and see mode, could that move relieve anything when it comes to creating jobs? ♪ going to the bank without going to the bank... that's a step forward. with chase quickdeposit on your smartphone, you just snap a picture, hit send and done....
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in britain is a must see for most of the country as rupert murdoch his son and the seas to former u.k. see face angry and will make his life the trio's arriving a poem and to answer questions on the phone hacking and police bribery claims at the now axed news of the wild well in another grim a twist to the story the whistleblower who exposed the news of the world phone hacking scandal has been found dead police are treating it as unexplained but say at this stage there's no evidence of anything suspicious. the scandal has shaken the press politicians and police having already taken down britain's two top cops as they were metropole it's another place to britain's police force after a string of high profile areas and we see where they're going. ian tomlinson died in london's g. twenty protest in two thousand and nine after being pushed to the ground by p.c. simon harwood harwood's said he'd been prevented from giving first date by a bottle throwing more up he later admitted that happened happened john schollers damon as as shot by police in a london underground station in two thousand
in britain is a must see for most of the country as rupert murdoch his son and the seas to former u.k. see face angry and will make his life the trio's arriving a poem and to answer questions on the phone hacking and police bribery claims at the now axed news of the wild well in another grim a twist to the story the whistleblower who exposed the news of the world phone hacking scandal has been found dead police are treating it as unexplained but say at this stage there's no evidence of anything...
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but today, parliament rose up as one, all three main parties united, telling rupert murdoch he could not expand his media ownership here, right now. and he buckled. in a statement on their takeover plans, news corp said that it was too difficult to progress in this climate, but that news corp reserves the right to make an offer at a later date. >> i think this is the right decision, i've been saying that this company clearly needs to sort out the problems there are at news international, at the "newof the wld." that must be the priority, not takeovers, so the right >> reporter: it's a huge blow for james murdoch, third in command at his father's company. buying b-sky-b was one of news corp's biggest projects long planned and potentially very lucrative. >> it feels like the parable of the emperor's clothes, all of a sudden everyone knows that rupert murdoch's company was too powerful and we've now got fundamental question about what does media ownership in the u.k. look like going forward. >> reporter: the prime minister said thosquestions would be answeredy aninquiry by lord justice
but today, parliament rose up as one, all three main parties united, telling rupert murdoch he could not expand his media ownership here, right now. and he buckled. in a statement on their takeover plans, news corp said that it was too difficult to progress in this climate, but that news corp reserves the right to make an offer at a later date. >> i think this is the right decision, i've been saying that this company clearly needs to sort out the problems there are at news international,...
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you questioned rupert and james murdoch in parliament on tuesday. earlier he gave me his reaction to what he heard at that session. >> i think the important thing in terms of the "news of the world" in the u.k. that rupert murdoch made it perfectly clear that he put his trust in the senior management. and i think he's lost that confidence and that trust in those people and he made that perfectly clear. so i think that was one of the most important things, and i think he said at one stage that he -- he was sort of disappointed at the performance of senior management. >> it was interesting to see how you and other members of the select committee were very keane to focus very much on rupert murdoch himself and bringing the question back to him whenever his son tried to intervene. was that a deliberate move on your part or was it something that you discussed with your colleagues beforehand? >> no, certainly not. at the end of the day, rupert murdoch is the head of the news international group. but to be perfectly honest with you, my individual sort of p
you questioned rupert and james murdoch in parliament on tuesday. earlier he gave me his reaction to what he heard at that session. >> i think the important thing in terms of the "news of the world" in the u.k. that rupert murdoch made it perfectly clear that he put his trust in the senior management. and i think he's lost that confidence and that trust in those people and he made that perfectly clear. so i think that was one of the most important things, and i think he said at...
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and is not indispensable. >> pressure on rupert murdoch's media empire in the u.k. has intensified following new allegations of malpractice by journalists of its newspapers. >> breaking news coming to us from the writer news agency. an explosion has hit a gas terminals on each of its border with israel. the blast happened at a pipeline distribution station. one report said masked gunman had launched a raid, starting a huge fire. it is the third attack on the pipeline within the last few months and the second within the last fortnight. more on that story to come. story,eturn to our top the phone hacking scandal that is engulfing the rupert murdoch media empire here in the u.k. there was an article headlined "murdoch's watergate." thank you very much for joining us. >> the story has a question mark at the end. this is about a massive abuse of power, just as watergate was about a massive institutional abuse of power from the top down. what we are seeing here is astonishing and unprecedented, the hacking scandals shaking rupert murdoch's empire. none of us should be too
and is not indispensable. >> pressure on rupert murdoch's media empire in the u.k. has intensified following new allegations of malpractice by journalists of its newspapers. >> breaking news coming to us from the writer news agency. an explosion has hit a gas terminals on each of its border with israel. the blast happened at a pipeline distribution station. one report said masked gunman had launched a raid, starting a huge fire. it is the third attack on the pipeline within the last...
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murdoch but it's rupert murdoch who has sidestepped all of these issues and now i think he's left and he calls on to basically get annoyed with david cameron has now got the media chief that cameron selected into deep water. if cameron thinks that rupert murdoch is just going to lay off the british prime minister now i think you'd be being naive we can expect some pretty serious stories in coming weeks they will try and upset the british government here but this isn't just about politics this is also about as you mentioned earlier the links with the british police force with british law now this is this is going far deeper than a journalist and. a journalist scandal isn't it this is this is going far deeper i mean some say that rupert murdoch has debased civil life for so many decades but now we have scotland yard a name that is internationally recognised routinely it seems take bribes they initially were supposed to inquire into this phone hacking scandal where you hack into a phone for a celebrity or a dead british soldier or a murder victim and here we are hearing that the police w
murdoch but it's rupert murdoch who has sidestepped all of these issues and now i think he's left and he calls on to basically get annoyed with david cameron has now got the media chief that cameron selected into deep water. if cameron thinks that rupert murdoch is just going to lay off the british prime minister now i think you'd be being naive we can expect some pretty serious stories in coming weeks they will try and upset the british government here but this isn't just about politics this...
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but we know that rupert murdoch just hates this kind of situation. and he may, just may say things that he will regret later. and the whole empire seems to be teetering on the edge right now. we even have reports yesterday that some members of the board of news corp. are looking at replacing him. i'm not sure how they can do that. but the very fact that that's come up is absolutely an astounding reversal for a man who was receiptly citizen cane. >> news reports, coo, to succeed rupert murdoch. are we hearing anything from news corp. about chase carey? >> we're hearing from the, independent board members, independent directors they're called of news corp., making a statement today, very brief statement saying that they fully back rupert murdoch. so backing off from those reports. but you know, peter, so many, especially the biographers of rupert murdoch, those who know him well, are saying the name, the family, the brand, is just too tainted now. it's irreparable. >> one final thought, "the guardian" newspaper where you are is also reporting as we've
but we know that rupert murdoch just hates this kind of situation. and he may, just may say things that he will regret later. and the whole empire seems to be teetering on the edge right now. we even have reports yesterday that some members of the board of news corp. are looking at replacing him. i'm not sure how they can do that. but the very fact that that's come up is absolutely an astounding reversal for a man who was receiptly citizen cane. >> news reports, coo, to succeed rupert...
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is the day rupert murdoch and his son did not want to see. they were summoned to answer questions about the scandal that rocked the country, allegations of widespread criminal activity by reporters at murdoch's now shuttered tabloid "news of the world." listen to this for a man infamous for his arrogance and ruthlessness. >> this is the most humble day of my life. >> reporter: rupert murdoch born in australia, age 80, an american citizen, presides over a global empire with $33 billion in revenue. he's the boss, but the buck does not stop witith him and he is n planning to step aside. ? because i feel the people trust trusted, i feel i'm the best to -- >> reporter: at his son james, an american citizen, runs company operations in europe and asia. when he was younger, he was the family rebel. now if he can hold on, he'll take over from his dad. >> if i knew then what w we kno now we would have takenore action around that and moved faster to get to the bottom of these allegations. >> reporter: it was james who did most of the talking. coming to
is the day rupert murdoch and his son did not want to see. they were summoned to answer questions about the scandal that rocked the country, allegations of widespread criminal activity by reporters at murdoch's now shuttered tabloid "news of the world." listen to this for a man infamous for his arrogance and ruthlessness. >> this is the most humble day of my life. >> reporter: rupert murdoch born in australia, age 80, an american citizen, presides over a global empire with...
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murdoch like all british prime ministers they have to and i think some are saying that rupert murdoch was just annoyed about the b. sky b. issue there's a referral to the competition commission which certainly i think must be on the cards it's certainly been delayed it was supposed to be due this week and my sources in parliament are telling me that he's not going to get b. sky b. which will really engage even more off even more citizen kane wrote for murdoch in which case this isn't this p.r. ploy may mean he's just giving up this country and going to china and india for the future so you're saying that in fact by dropping the news of the world that would be a damage limitation exercise in that deal to go through that simply wouldn't work that way well a hundred sixty or a year or old newspaper with such a brand brand recognition it seems a crazy decision many people have remarked how poorly managed the papers have been under well titular head his son james murdoch we mustn't forget i mean the on the wall street journal the new york post a newspaper in turkey was just bored they may
murdoch like all british prime ministers they have to and i think some are saying that rupert murdoch was just annoyed about the b. sky b. issue there's a referral to the competition commission which certainly i think must be on the cards it's certainly been delayed it was supposed to be due this week and my sources in parliament are telling me that he's not going to get b. sky b. which will really engage even more off even more citizen kane wrote for murdoch in which case this isn't this p.r....
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british parliamentarians also grilled media mogul rupert murdoch and his son james pre- empt rupert murdoch apologized for the phone hacking, but he denied that he was ultimately responsible. he interrupted his son to say that the day was the most humble in his life. the proceedings took a dramatic turn when a protester hit rupert murdoch with a foam pie. >> there was a police escort for rupert murdoch as soon arrive for the parliamentary hearing. he and his son james appeared together. they faced tough questioning but were not r0quired to answer anything self incriminating. his son james was talking, and rupert interrupted. >> this is the most humble moment of my life. >> , murdoch said he had lost sight of "news of the world" and that he really did not know what was happening at the paper. the chief denied ultimate responsibility for the paper and blamed those he had trusted to run the paper. he also explained why the company had not investigated allegations earlier. >> it was not our job to get to justice. it was up to the police to bring charges and to carry out their investigation, whi
british parliamentarians also grilled media mogul rupert murdoch and his son james pre- empt rupert murdoch apologized for the phone hacking, but he denied that he was ultimately responsible. he interrupted his son to say that the day was the most humble in his life. the proceedings took a dramatic turn when a protester hit rupert murdoch with a foam pie. >> there was a police escort for rupert murdoch as soon arrive for the parliamentary hearing. he and his son james appeared together....
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. >> rupert murdoch and his son james r. and not see. the british law makers grill them over what they knew about the scandal. a dramatic attack interrupt the hearing. -- is due to die in texas tomorrow. it is now one of his victims fighting to save his life. hoping to make a splash, the london olympics. we follow one british athlete training hard to make the cut. welcome to our viewers on pbs and america. shocked, appalled, ashamed, the words that rupert murdoch used before lawmakers. that was his reaction tuesday phone hacking scandal that has unraveled his empire and sent shock waves through the military -- through the metropolitan police. they apologized for the hurt that was caused but they claimed that they were not responsible. the proceedings were interrupted by protesters with a plateful of foam. >> the moment when two of the world's most powerful media moguls, rupert murdoch and his son,, arrived to be held to account for the way that there company invaded the privacy of individuals. >> do you have anything to say about the pho
. >> rupert murdoch and his son james r. and not see. the british law makers grill them over what they knew about the scandal. a dramatic attack interrupt the hearing. -- is due to die in texas tomorrow. it is now one of his victims fighting to save his life. hoping to make a splash, the london olympics. we follow one british athlete training hard to make the cut. welcome to our viewers on pbs and america. shocked, appalled, ashamed, the words that rupert murdoch used before lawmakers....
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Jul 14, 2011
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crisis on a new front for rupert murdoch and his media empire. the fbi now said to be investigating alleged hacking of 9/11 victims. stand by for new information. and also, a new round of debt talks over at the white house this hour. we're learning new details of what's happening behind closed doors. plus a glimmer of hope in the u.s. senate. and a plan to split california into two states. we'll meet the man behind the controversy secession drive. we want to welcome our viewers in the united states and around the world. breaking news, political headlines and jeanne moos straight ahead. i'm wolf blitzer. you're in "the situation room." >>> the hacking scandal plaguing rupert murdoch evening business is now spreading to his u.s. media empire. a law enforcement source telling cnn the fbi has now launched an investigation into murdoch's news corporation. the probe focussing in on allegations of hacking into phone conversations and voice mail of september 11 survivors, victims and their families. skr nn's brian todd is working on the story for us. bri
crisis on a new front for rupert murdoch and his media empire. the fbi now said to be investigating alleged hacking of 9/11 victims. stand by for new information. and also, a new round of debt talks over at the white house this hour. we're learning new details of what's happening behind closed doors. plus a glimmer of hope in the u.s. senate. and a plan to split california into two states. we'll meet the man behind the controversy secession drive. we want to welcome our viewers in the united...
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Jul 16, 2011
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the apology will be carried in all of the rupert murdoch newspapers. the company has already lost millions in advertising revenues. more losses are expected. >> rupert murdoch came to london last weekend to take charge of the scandal. he has been since to -- he has been forced to abandon a bid for bskyb. he has been summoned to testify before a parliamentary inquiry. his empire has been shaken by more revelations. the markets have reacted nervously. news corp.'s share prices have plummeted as the loan scandal widened. the scandal is moving closer to report murdoch's base in the u.s. the fbi is investigating reports that a news corp. journalist tried to obtain full information on 9/11 victims. rupert murdoch owns the fox news channel. any damaging revelations here could hit them hard. the investigation into the death of a russian contradicts the government's investigation. she was a well-known human rights activist. she was kidnapped two years ago and later found dead. >> she was barely 51 years old when she died. she knew she was in danger. her relentl
the apology will be carried in all of the rupert murdoch newspapers. the company has already lost millions in advertising revenues. more losses are expected. >> rupert murdoch came to london last weekend to take charge of the scandal. he has been since to -- he has been forced to abandon a bid for bskyb. he has been summoned to testify before a parliamentary inquiry. his empire has been shaken by more revelations. the markets have reacted nervously. news corp.'s share prices have...
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Jul 19, 2011
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for years, rupert murdoch has been behind numerous cruel tabloid headlines. now suddenly he's on the front page himself, and that's a pretty awkward place for a press baron to be, suddenly the target of what they call in britain the gutter press. dan rivers, cnn, london. >> a lot of questions probably centers on who knew what it and when. >>> as we've been telling you the phone hacking scandal has cost london's top two police officials their jobs. let's go back to atika shubert. the two high profile resignations pretty much one after another. the timing also important but quite incredible what's unfolded in the last few days. >> reporter: really is, and it has completely tainted the british police. what lawmakers are looking at now is, one, did police ignore the phone hacking scandal when they should have investigated further and two, did they take police payments. they want to know how far the corruption goes in scotland yard. former senior police officer john yates is the latest head to roll. now under investigation for his failed review of the police phone
for years, rupert murdoch has been behind numerous cruel tabloid headlines. now suddenly he's on the front page himself, and that's a pretty awkward place for a press baron to be, suddenly the target of what they call in britain the gutter press. dan rivers, cnn, london. >> a lot of questions probably centers on who knew what it and when. >>> as we've been telling you the phone hacking scandal has cost london's top two police officials their jobs. let's go back to atika shubert....
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Jul 19, 2011
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they said at least 50% more without rupert murdoch. and the way they get it is from estimates of barclay's, and they say that it is worth much more than it trades for on the market, so there is a generic murdoch discount which encompasses that he will make decisions that are not consistent with the other shareholder interests. and so what makes news corp vuler inable is that this could make the murdoch discount as they call it bigger. in the short term, it may not matter that much, because murdoch's family owns 43% of the company and it would be difficult to kick him out, but if the family is discredited and the investors see a company worth a lot more than it is trading for and ripe for a takeover and you know who is very good at taking over businesses that are ripe with family struggles? "the new york times," because that is how he acquired them. they might not even need that much convincing to sell the company for much more than it is worth if they remain in charge of it. joining us now are brian steltzer, journalist at "the new yor
they said at least 50% more without rupert murdoch. and the way they get it is from estimates of barclay's, and they say that it is worth much more than it trades for on the market, so there is a generic murdoch discount which encompasses that he will make decisions that are not consistent with the other shareholder interests. and so what makes news corp vuler inable is that this could make the murdoch discount as they call it bigger. in the short term, it may not matter that much, because...
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Jul 20, 2011
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the questioning of rupert murdoch, his son, james murdoch, and former "news of the world" editor, rebekah brooks was riveting for the british and american media, but what did it reveal about how rupert murdoch does business? in tonight's rewrite, how a main newspaper told a republican candidate for senate to get out of the race and why that republican candidate thinks barack obama is not a christian. with precise pain relieving cream. it blocks pain signals fast for relief precisely where you need it most. precise. only from the makers of tylenol. >>> rupert murdoch would like you to believe that he runs his megamedia entire without actually knowing how it works. he'd also like you to believe he's sorry for hacking into your phone. next, how republicans may have squandered their chances to get most of the things they've [ male announcer ] a moment that starts off ordinary can become romantic just like that. a spark might come from -- a touch, a glance -- it can come along anywhere, anytime. and when it does, men with erectile dysfunction can be more confident in their ability to be ready
the questioning of rupert murdoch, his son, james murdoch, and former "news of the world" editor, rebekah brooks was riveting for the british and american media, but what did it reveal about how rupert murdoch does business? in tonight's rewrite, how a main newspaper told a republican candidate for senate to get out of the race and why that republican candidate thinks barack obama is not a christian. with precise pain relieving cream. it blocks pain signals fast for relief precisely...
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Jul 7, 2011
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that will be worrying rupert murdoch. let's look at some of the other news stories covering this hour. >>> the district attorney covering dominique strauss-kahn says he will not take himself off the case, despite the demand from the alleged victim's lawyer. the lawyer's accusation that the d.a.'s office leaked derogatory information about his client to the media is, quote, without merit. the hotel maid accused strauss-kahn of attempting to rape her in the spring. >>> the big three rating agencies following moody's downgrade on portugal's bonds on tuesday. the e.u. president suggests the downgrade to junk status might have anti-bias on the companies based in the united states. european legislators might fight back by imposing civil penalties on ratings agencies that get it wrong. there's talk of tighter regulations and a europe-based agency to replace the big three. >> portugal's fulfillment will be assessed on a quarterly basis. in this context, and the absence of facts on the new economy, by yesterday's decisions by one
that will be worrying rupert murdoch. let's look at some of the other news stories covering this hour. >>> the district attorney covering dominique strauss-kahn says he will not take himself off the case, despite the demand from the alleged victim's lawyer. the lawyer's accusation that the d.a.'s office leaked derogatory information about his client to the media is, quote, without merit. the hotel maid accused strauss-kahn of attempting to rape her in the spring. >>> the big...
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phone hacking scandal rocked rupert murdoch's already shaken. public fury of the case challenges the future of britain's newspaper industry. calls for the u.s. to cut spending and threats of the country's credit rating might be downgraded if lawmakers fail to raise america's debt ceiling that says more e.u. states plunged deeper into economic crisis plus. initial investigations into the sinking of the belgariad point to negligence that the tragedy could have been avoided. and made an investigation into sunday's pleasure cruiser disaster as divers continue to retrieve bodies from the would be death toll now standing at one hundred thirteen. with news and comment from around the world this is r.t. live in moscow twenty four hours a day with a rapid change of heart rupert murdoch and his son james have now confirmed they will give evidence to a parliamentary committee investigating the u.k. phone hacking scandal this comes hot on the heels of earlier reports that they declined the summons it's alleged that several of murdoch's newspapers were engag
phone hacking scandal rocked rupert murdoch's already shaken. public fury of the case challenges the future of britain's newspaper industry. calls for the u.s. to cut spending and threats of the country's credit rating might be downgraded if lawmakers fail to raise america's debt ceiling that says more e.u. states plunged deeper into economic crisis plus. initial investigations into the sinking of the belgariad point to negligence that the tragedy could have been avoided. and made an...
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rupert murdoch's already shaky. public fury over the case challenges the future of britain's newspaper industry. they've got to take no they've got to take a chainsaw to government spending and do something about it calls for the u.s. to cut spending and threats to the country's credit rating might be downgraded if will make us fail to raise america's debt ceiling as more. economic crisis. one hundred thirteen bodies have now been recovered from the water. disaster on the volga river while divers and continue efforts to find a still. warm welcome to you this is the light from moscow i'm. a former executive editor of the disgraced news of the world newspaper has reportedly been arrested over the phone hacking scandal british pressing the rupert murdoch to face questioning of a continuing allegations that several of his newspapers were. voicemail hacking and bribed senior officials but he's a lawyer and reports the media mogul's read rise over the decades was littered with red flags warning of what was to come. rupert
rupert murdoch's already shaky. public fury over the case challenges the future of britain's newspaper industry. they've got to take no they've got to take a chainsaw to government spending and do something about it calls for the u.s. to cut spending and threats to the country's credit rating might be downgraded if will make us fail to raise america's debt ceiling as more. economic crisis. one hundred thirteen bodies have now been recovered from the water. disaster on the volga river while...
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Jul 20, 2011
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let's first talk about rupert murdoch and what he had to say. yesterday he said it was the most humble day of his life. it seems overnight he's written to news corp. staff explaining the situation to them as well. >> reporter: he did. he wrote a letter to staff basically explaining what he said yesterday at the hearing and also making it clear that he was appalled at these phone hacking allegations. one of the things he said in the letter was he has imbued the corporation with an audacious spirit, but this sort of behavior should not be tolerated. he also laid out some of the steps the company is taking to address the issue including setting up an independent standards and management committee. one of the things he also said was that he was sorry for the hurt that was caused, and we have taken responsibility. that's what it says in the letter to employees. of course, one of the things that he said in his hearing yesterday was very -- put very bluntly to him by mp tom watson who asked him if he took ultimate responsibility for this whole fiasco.
let's first talk about rupert murdoch and what he had to say. yesterday he said it was the most humble day of his life. it seems overnight he's written to news corp. staff explaining the situation to them as well. >> reporter: he did. he wrote a letter to staff basically explaining what he said yesterday at the hearing and also making it clear that he was appalled at these phone hacking allegations. one of the things he said in the letter was he has imbued the corporation with an...
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Jul 18, 2011
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the first question is, what will happen to rupert murdoch's companies in the u.s.? is anyone else in jeopardy right now, including his son? >> reporter: there are real question marks about where the buck stops. many people thought rebekah brooks, a close confidente of rupert murdoch, would be safe but she's the latest member of his empire to fall on her sword. real questions about u.s. titles and whether they'll be tainted as well. those titles include the fox cable network, "the wall street journal," which has a strong editorial representation, and of course dow jones news who i worked for at one stage in my career. a lot of questions about those titles and what kind of governance news corp. will look like going forward. lots of question marks about the independence of the news corp. board and whether we'll see moves on that front as rupert murdoch is forced to relinquish some power. >> the u.s. secretary of state hillary clinton in athens, greece, voicing strong support for that country, including their debt crisis. there is a meeting in brussels this thursday whe
the first question is, what will happen to rupert murdoch's companies in the u.s.? is anyone else in jeopardy right now, including his son? >> reporter: there are real question marks about where the buck stops. many people thought rebekah brooks, a close confidente of rupert murdoch, would be safe but she's the latest member of his empire to fall on her sword. real questions about u.s. titles and whether they'll be tainted as well. those titles include the fox cable network, "the...
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Jul 20, 2011
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this is a day rupert murdoch and his son did not want to see. they were summoned to answer questions from politicians about the scandal that has rocked this country. >> mr. murdoch, do you have anything you want to say to the victims of phone hacking? >> reporter: allegations of widespread criminal activity by reporters at murdoch's shuttered tabloid, "the news of the world," and a cover-up involving politicians and the police. listen to this, from a man infamous for his ruthlessness and arrogance. >> this is the most humble day of my life. >> reporter: there they were in matching suits, shirts and ties, the patriarch and the heir apparent of one of the world's mightiest business dynasties. rupert murdoch, born in australia, age 80, an american citizen, presides over a global empire with $33 billion in revenue. father of six children from three marriages, he's the boss, but the buck does not stop with him and he is not planning to step aside. >> because i feel people i trusted betrayed the company and me and it's for them to pay. i think that, f
this is a day rupert murdoch and his son did not want to see. they were summoned to answer questions from politicians about the scandal that has rocked this country. >> mr. murdoch, do you have anything you want to say to the victims of phone hacking? >> reporter: allegations of widespread criminal activity by reporters at murdoch's shuttered tabloid, "the news of the world," and a cover-up involving politicians and the police. listen to this, from a man infamous for his...
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Jul 20, 2011
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what i found fascinating is rupert murdoch spent a lot of his first testimony not being rupert murdoch and being contrite and as the afternoon wore on what you saw was the emergence of very much the 20th century media mogul got more gruff but maybe felt more honest. at one pointthe questioner said rupert murdoch i'm going turn to you since i don't seem to get far with james murdoch and he got more gruff. he steamed to respond in a differt way. james was every bit the picture of a 20th centu corporate polished ceo saying no matter the merit of the question that's a tremendous and terrific question and i appreciate the manner in which it's been asked and his preambles were enormous and the content of the answers were minimal and existing always flattering the questioner. what i liked was the contrast. murdoch was as he said, humbled and i think he was contrite. the measure of the contrition seed to go down toughout the day until we got the pie as some over the internet said that saved news corp. not sure that's right but it was astonishing. >> charlie: and james murdoch to be protective
what i found fascinating is rupert murdoch spent a lot of his first testimony not being rupert murdoch and being contrite and as the afternoon wore on what you saw was the emergence of very much the 20th century media mogul got more gruff but maybe felt more honest. at one pointthe questioner said rupert murdoch i'm going turn to you since i don't seem to get far with james murdoch and he got more gruff. he steamed to respond in a differt way. james was every bit the picture of a 20th centu...
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most recently, rebecca brooks, one of rupert murdoch's most trusted executives. she resigned and was arrested two days later brooks, who denies any wrongdoing, has been a power broker for over a decade in this country. >> somebody with huge charm, a lot of very political. she was very good at getting along side people. >> including david cameron. details of his visits with media heads were released over the weekend. since elected, he has met with brooks and other murdoch editors dozens of times. the prime minister has faced withering criticism for ties to andy colson, who was served as his communications chief. colson was also arrested last week. cameron is increasingly on the defensive, facing an energized opposition. >> terrible error of judgment in hiring andy colson. i really say the prime minister has to get a grip. he has to come clean and also own up to the mistakes he made. >> in a bizarre twist tonight, news that a former "news of the world" reporter and whistleblower has been found dead in his home in england. seaning, seen here -- sean, seen here on th
most recently, rebecca brooks, one of rupert murdoch's most trusted executives. she resigned and was arrested two days later brooks, who denies any wrongdoing, has been a power broker for over a decade in this country. >> somebody with huge charm, a lot of very political. she was very good at getting along side people. >> including david cameron. details of his visits with media heads were released over the weekend. since elected, he has met with brooks and other murdoch editors...
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align. >>> it was a day of humble pie for rupert murdoch. first, there was this. >> i would just like to say one sentence, this is the most humble day of my life. >> then there was this. a man identified as activist and comedian jonnie marbles, charged rupert murdoch with a shaving cream pie, but one of the many reasons murdoch is married to a woman 37 years younger is that she is the best body guard in his entourage. wendi murdoch, seen here in the pink jacket, is a former employee of her husband and a former volleyball player who demonstrated the quickest reflexes in the room when she sprung towards the assailant and spiked the pie back in his direction. just before the attack, the comedian tweeted "it is a far better thing that i do now than i have ever done before." the gist of the murdoch testimony was i run a very big company and i didn't know any of these bad things were happening. >> did you or anyone else at your organization investigate this at the time? >> no. >> can you explain why? >> i didn't know that. this is not an excuse, m
align. >>> it was a day of humble pie for rupert murdoch. first, there was this. >> i would just like to say one sentence, this is the most humble day of my life. >> then there was this. a man identified as activist and comedian jonnie marbles, charged rupert murdoch with a shaving cream pie, but one of the many reasons murdoch is married to a woman 37 years younger is that she is the best body guard in his entourage. wendi murdoch, seen here in the pink jacket, is a former...